CROWDFUNDINSIDER · 2026-11-03 11:51 UTC

Binance Spends Half Its SAFU Bitcoin (BTC) After Hack While North Korea's Kim Jong-un Rejects Blame for Incident

Binance transferred 7,499 BTC (~$580M) from its SAFU fund on October 31 to cover losses from a $6.3-6.4 billion hack attributed to North Korea-linked group TraderTraitor, reducing SAFU Bitcoin holdings by half to ~7,500 BTC. North Korea's Kim Yo-jong denied U.S. claims of Pyongyang's involvement, calling the FBI attribution 'absurd rhetoric,' while Binance confirmed 95% coverage of affected tokens and resumed withdrawals with $4.65B processed in early hours.

Loading the story on Tree News…